Impact of Artificial Intelligence on Everyday’s Life#Tech Label August 15th, 2020
Today, artificial intelligence is one of the most used terms in technology and business. Artificial intelligence is drastically improving the efficiencies in all areas of industry. AI technology has not only digitally transformed the human potential from healthcare to self-driving cars but is also empowering the affordable web development and accurately targeting the consumers through digital marketing campaigns.
AI is being aligned with the overarching goals of humans. Where the field of AI is advancing rapidly, there are some real fears that development of intelligence which equals or exceeds our own and can work at far higher speeds, could have negative consequences for the future of humanity.
Let’s first understand how powerful artificial intelligence is and what future it holds for us.
DEVELOPMENT OF ARTIFICIAL INTELLIGENCE
The world became familiar with the concept of artificial intelligence, specifical robots in the early 20th century. During that era, AI faced lots of ups and downs. Because computers were slow and lacked intelligence, they were only featured to execute the commands and could not store them. There were no devices to support high data processing.
Finally, after the 1950s, strong foundations of AI started to form. Computers became more accessible, faster, and could store more information. Machine learning algorithms also improved, and people got better at knowing which algorithm to apply to their problem. People were optimistic, and their expectations were high. IT companies invested all of their efforts and funds in researches created a base for new technologies.
More development of AI algorithms and hardware rose in the 90s. During the 1990s and 2000s, many milestones of artificial intelligence had been achieved. And now, we are in the age where there are highly efficient processors and more powerful algorithms than ever before. All the highly equipped technology allows us to extract all the information we need, even from the unprocessed raw data. AI has excelled in all the fields, including healthcare, education, business, and has even made it possible to have access to affordable web development.
AGE OF “BIG DATA”
Big data is the revolution itself. It emphasizes not only the tons of data but also the number of ways it can be processed, analyzed and acted upon. In recent years, research in the fields of big data and artificial intelligence has immensely influenced the areas of human life.
Big Data with artificial intelligence led to outstanding developments such as image recognition, speech recognition, self-driving cars and affordable web development.
Big Data is supporting businesses and IT specialists in a variety of processes including web development and web design processes. Big Data is the force behind modern, customer-focused and affordable web development.
ARTIFICIAL DESIGN INTELLIGENCE (ADI) AND AFFORDABLE WEB DEVELOPMENT
Among many of AI’s achievements, the most evident one is of the modern web design. AI web design is a form of artificial intelligence that uses machine learning to implement design principles, identify trends, and generates an affordable web design. Artificial intelligence has become an integral part of affordable web development. The arising field of artificial design intelligence (ADI) systems has dramatically influenced the way websites are designed today. AI has taken affordable web development to a new level.
Users are now looking for hyper-personalized and affordable web development. Website owners and web designers are combining AI and web development to get modern-looking, customized websites. Companies are turning to artificial intelligence to industrialize their branding process AI has paved the way for big companies as well as small-scale entrepreneurs for more accessible and affordable web development.
USES OF ARTIFICIAL INTELLIGENCE IN EVERYDAY LIFE
Artificial intelligence has an unparallel impact in our lives. Let’s have a look at all the fields that are equipped with AI and its applications.
From deep learning algorithms that can read CT scans faster than humans to natural language processing (NLP) that encode the unstructured data in electronic health records, artificial intelligence has an unprecedented influence on healthcare. By improving the operations of healthcare facilities and medical organizations, AI can reduce operating costs and save money.
Despite having its potential benefits in the mainstream of healthcare, AI is not void of its shortcomings in this sector. AI can replace real doctors in some particular like radiology and pathology. It is predicted that there can be a net increase in the loss of jobs.
Automating some of the routine tasks such as EHR documentation, administrative reporting, or even triaging CT scans, can free up humans and lead to personalized treatment.
In the business world, artificial intelligence is enabling businesses to work smarter and faster. AI has come up with the most updated paradigms and concepts for business. AI is creating a variety of working platforms for talented and skilled people around the world. AI systems can process unfathomable amounts of data potentially creates jobs for millions of people. In Business, Big data and AI has led to the fast and affordable web development process.
AI is giving long-established jobs to programmers, managers and scientists, Considering the newly created positions for data engineers and scientists for designing paradigms, algorithms and encoding complex data.
AI has contributed to the field of business by featuring affordable web designing for large established companies as well as for entrepreneurs. AI has enabled the people to expand their business and industrialize their products by offering modern, customer-based affordable web designing.
Manufacturing is one of the leading sectors, where artificial technology is being applied. Machinery Maintenance and Quality are the top AI projects in manufacturing operations. With T manufacturing industry adopting the new technologies, there are fewer accidents and more productivity.
Manufacturing industries are achieving the highest level of accuracy with automation. Robotics giants have recently shown robots that have an embedded AI that can be trained. With Robotics, there is increased output, defect detection and faster corrective action.
Moreover, search engine technology gives manufacturing business to flourish. AI has given manufacturing business the opportunity of personalized and affordable web development.
Artificial intelligence has a significant influence on the field of education. AI has transformed the education system to empower teachers and encourage the children of all abilities. Every child has their aptitude. Someone can be skilled in analytical thinking and use the left part of the brain while others can be very creative and great speakers because of the ‘right part’ of the brain.
Learning pace of each child differs. To cater to this need, AI has come up with the ‘Personalized Learning’. AI is helping students with independent study through more customizable tutoring. Each student can learn according to his/her level, comfort, and emotional state.
AI can help educators as well with their organizational activities. Through different automize grading software, both the educators and the institute can get benefit from.
Artificial intelligence is changing science. Artificial Intelligence is greatly helping the scientific community. It is also changing the way scientists across diverse disciplines are studying the world. In addition to observation and simulation, generative modelling became the third scientific approach to discovering the world.
This AI understanding can be used to predict all manner of probabilities on a subject from modelled data. It means that scientists are likely it is to observe Y when you have some X solely. Generative modelling takes some data and breaks it into minimal elements, namely, latent spaces. Scientists can understand physical processes occurring in a system by manipulating such latent spaces.
Generative modelling contrasts with discriminative modelling, which identifies existing data and can be used to classify data. Generative modelling produces something; discriminative modelling recognizes tags and sorts of data.
The pharma industry is collaborating with AI industries to overcome challenges. A drug development process takes years and costs billions of dollars. AI-powered drug discovery efforts are enabling big pharma and biotechnology companies to identify precise medicine opportunities for developing new drugs. With a well-developed AI platform, precision medicine is creating and executing a new promise to cut drug costs and development time significantly.
RISKS AND CONCERNS
Though AI is developing and advancing, but it has raised serious concerns that future developments may pose long-term safety and security risks. They also can be grouped in accordance with the following four aspects:
Algorithmic risks arise from the use of data analytics and cognitive technology-based software algorithms in various automated and semi-automated decision-making environments. AI algorithms are considered very complex and vary from problem to problem. Hence, they require highly educated developers and scientists for development and maintenance.
Cost is another crucial consideration in AI technologies. Due to their complex nature, smart technologies can be expensive and can incur further charges for repair and ongoing maintenance. The computational cost for training data models etc. can also be an additional expense.
Model development and training process with AI is time-consuming. It’s possible to reduce the time by using pre-trained models and open datasets. This problem is also directly related to the complexity of the algorithm as higher complexity requires more time to develop. It means that the complexity reduction will also impact the time needed.
AI is a technology that is transforming every aspect of life. It is a powerful tool that is encouraging the people to rethink, analyze and improve decision making. AI will become an essential part of our lives; it will control our healthcare, entertainment, education, and security industry. AI has given manufacturing business the opportunity of personalized and affordable web development From supporting smart infrastructure to helping to be more efficient with our natural resources and smart agriculture to feed a growing population, AI can augment our human efforts to solve our global challenges.
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